JPMorgan to introduce additional privacy features to Quorum blockchain

JPMorgan’s blockchain is getting a new privacy feature which allows parties to make transactions anonymously, CoinDesk writes. The new tool, which is an extension of the Zether protocol, will be open source and most likely compatible with other Ethereum-based platforms.

“In the basic Zether [version], the account balances and the transfer amounts are concealed but the participants’ identities are not necessarily concealed. So we have solved that,” said Oli Harris, JPM’s head of Quorum and crypto-assets strategy. “In our implementation, we provide a proof protocol for the anonymous extension in which the sender may hide herself and the transactions recipients in a larger group of parties.”

According to Harris, the implementation won’t slow down the Quorum blockchain as it doesn’t impact performance.

JPMorgan has been working on numerous blockchain projects, including developing its JPM Coin stablecoin. It has also signed up approximately 220 banks to its blockchain-bassed Interbank Information Network.